$1 tomorow, page-3

I do not own this stock, but have watched with interest from its notes issue and then its initial ipo listing which was settled on at $1.90 when the original ipo asking price was i think $1.95 to $2.15 several years back.

H'mmm its amazing how the sudden availability of credit can
reinvigorate the risk appetite of some seeking so called growth opportunities.

Any serious long term buyer would have seen the value in the entity when the gfc was unfolding and the sp was trading below 20c.

The company has not dismissed either the approach,informal or any formal offer as its 'possibly' early days yet,and also,to do so would mean that they would then have to substantiate their case for doing so in the interest of all stakeholders concerned.

However,the very strong run up in the sp in recent days has meant the company being in receipt of a please explain letter from the asx as per normal procedure,but some might consider that any discussions inside or outside,'could possibly'point to them being more advanced than previously indicated.

If you look at the very sharp unusual rise in the sp and measure that against commodity price movements,mine activity,asx announcements made by EHL and a general lower global capex on new equipment orders to the likes of CAT and others. a letter from the asax was in my humble opinion warranted.

Due to the damaged caused by the gfc on the balance sheets of many o/seas large banks and the follow up bailouts by the govts concerned,the conservative nature of our own big 4 downunder during this time,its possible that any such 100% interest in EHL might see the return of a private equity firm cashed up and ready for a quick buck in anticipation of the next commodities bull run and mine reactivity.

I note with interest that the The Capital Group Companies Inc has featured prominantly in many asx announcements by EHL,however that 'does not' in anyway infer that they are the party concerned in a 100% controlling stake in EHL.

PLEASE READ THE DISCLAIMER BELOW !

Good luck if you hold!